Worker output fell 7.5% in the first quarter, the biggest decline since 1947
At the same time, labor costs as measured against productivity soared 11.6%, bringing the increase over the past four quarters to 7.2%, the fastest rise in about 40 years.
Weekly jobless claims increased to 200,000, well above the Wall Street estimate.
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https://www.cnbc.com/2022/05/05/labor-productivity-fell-7poi…